How five top CEOs described the AI boom in 2024

Sometime in 2024, CNBC Jim Cramer discussed the seemingly limitless rise of artificial intelligence with dozens of CEOs from across the tech world. Here’s how five top business leaders characterized the meteoric rise of AI this year.

Nvidia CEO Jensen Huang said the “AI computing ramp” is just beginning and will take years.
Huang in March painted a picture of the AI landscape and says that investments in the new technology are still in their early stages. He predicted years of growth and suggested that AI can drive innovation in a variety of areas, including science and healthcare.

Nvidia is a titan of the AI revolution as it develops and sells advanced technology essential to the technology. The company is the leading provider of GPUs used to develop and implement new AI software such as OpenAI’s ChatGPT. Big Tech, by and large, demands Nvidia’s products, including customers Meta, Tesla, Microsoft And Amazon Spend billions. Nvidia stock is currently up more than 176% year-to-date, and even at times this year exceeded Apple to become the most valuable company on the market.
CrowdStrike CEO George Kurtz said cybercriminals are on the rise: “It will be the battle of AI in the future.”
Kurtz in February described how his cybersecurity company is fighting cybercrime that is “more active than ever” as the number of hackers grows and becomes more advanced with new AI technology in their arsenals. He said generative AI “democratizes very esoteric techniques and attacks” so that less experienced cybercriminals can still carry out advanced attacks.

“What we talked about in the earnings call is the ability to create more opponents with lower skill levels but much higher skill levels through the use of generative AI,” Kurtz said. “Of course we use generative AI on the security side. AI is meant to help protect our customers, so it will be the battle of AI in the future.”
Snowflake CEO Sridhar Ramaswamy said generative AI will “keep him busy for many years to come.”
Ramaswamy took over as head of Snowflake in February, and he described the way the data analysis software maker plans to use the new AI technology.

“We have great ambitions to do more, whether through applications running on Snowflake or, of course, leveraging the power of generative AI, which I have been focusing on over the last year, to democratize access to enterprise data.” “To give even more people the opportunity to quickly access and benefit from the data,” said Ramaswamy. “That’s why I think there’s a big opportunity in the world of data applications and AI that will keep me busy for many years to come.”

Snowflake has collaborated with Nvidia and in May with Ramaswamy teased a new project with the AI darling. According to him, Snowflake’s product pipeline, “particularly in the AI space, is in full swing.”
AMD CEO Lisa Su described the competition with Nvidia: “There is no one-size-fits-all solution in computing.”
Although Nvidia is a leader in the red-hot semiconductor design industry, the competition is fierce, with companies like AMD and Intel compete for customers willing to pay the highest price. But when asked in September about competition with Nvidia, Su responded recommended There is room for more than one major player in the industry. In her opinion, the “technology ecosystem” works well when there is competition and partnership and customers want the opportunity to choose between several solid options.

“If you think about it, there is no one-size-fits-all solution in computer science,” Su said. “There is not just one architecture. In fact, you need the right computing power for each application.”

Su said she believes that “AI will impact everyone’s lives” and that the world is just beginning to realize what the new technology can do. She also said that people shouldn’t be impatient with the impact of AI because “technology trends are meant to unfold over years, not months.”
Generic CEO Aaron Jagdfeld said pressure on the grid is “only getting worse” from weather and technology.
Hunting money warned that pressure on the power grid will only increase as demand for data centers and other artificial intelligence-related technologies continues to grow. He said 40% of the generator company’s business comes from commercial and industrial products, such as backup power for manufacturing plants, distribution centers, hospitals and data centers.

“This has become an extremely critical point of discussion,” Jagdfeld said. “This is only going to get worse.”